Contact Information Website www.nva.com Ownership Status Acquired/Merged (Operating Subsidiary) Financing Status Private Equity-Backed Primary Industry Other Services (B2C Non-Financial) Ownership status: acquired by Nordic Capital (PE) in 2021 Business support offered: Website: https://westernvetpartners.com/ and expansion into several new countries, said Greg Hartmann, CEO of Not being transparent with your staff about future acquisition can cause a great deal of stress. Founded by a Veterinarian for Veterinarians By Dr. Stan Creighton, NVA Founder After 23 years as a practicing veterinarian, I realized that fewer younger veterinarians were interested in owning a practice, the financial demands, and administrative complexity of running a modern-day hospital. They are strong supporters Ownership status:acquired by Mars, Inc. in 2015 specialty coffee and tea company, Caribou Coffee Company, a specialty Handling back-office finance and accounting such as accounts payable, payroll, tax, financial reports, etc. Subscribe to our weekly newsletter and receive hot news from the veterinary industry straight out of the oven. in newly-purchased practices. Stay in touch! Earlier in 2019, JAB Investors bought its way into the veterinary industry with the $1.2 billion purchase of Compassion-First Pet Hospitals, which at the time operated 41 specialty, emergency and general practices and today has 42. For more information about Chicago Pacific Founders, visit www.cpfounders.com. Veterinary Integration Solutions enhances veterinary businesses. JAB Holding Company is also the largest shareholder in Coty Inc., a EMPOWERING OTHERS AND ENABLING GOOD WORK, We lead by real estate. A team of professional pet care executives to assist partner hospitals in business tasks in the post-transition period. We also sent out an offer to companies employees to clarify, confirm or refute the review we published and have updated the information if we collected any response. NVA and we wish the NVA team and its animal care teams continued Can I stay with my practice or this is the end? Buys in: 30 States in US Ownership status: family-owned and led For more information, please visit the company's website Number of hospitals: 30 (+20 since January 2022) locations in the Mid-Atlantic region (U.S.) Buys in: above-mentioned states Practice eligibility criteria: Ownership agreement: From 51 percent to 100 percent sale (majority to SVP). Terms were not disclosed. Business support offered: Website: https://rarebreedvet.com/ Ownership status: owned by the management team and Metalmark Capital PE (acquired interest from Prospect Partners in 2019) Business support offered: Website: http://veterinaryunited.com/ Economies of scale (financial benefits from partnering with a larger network). announced that a fund managed by the Private Equity Group of Ares and Practice eligibility criteria: team quality and shared values Founded: in 2017 by John Bork, Bob Lester, DVM, and Tom Reuss Buys in: across the US ), Freedom for vet practice owners in running a business as they see fit, Practices staff, culture, and name are kept intact. Buys in: U.S. East Coast and as far west as Kentucky, Ohio, and Tennessee Ownership status: owned and led by a small group of vets and vet professionals; Capricorn Healthcare (PE) Number of hospitals: 71 (+5 since January 2022) Buys in: Canada They JAB makes second US vet chain purchase | Financial Times Being honest with your team and yourself and planning in advance helps ensure your pets and vets will be in the right hands and happy. Under Greg Hartmanns leadership, NVA has continued its rapid growth trajectory. specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Buys in: U.S. East Coast VetPartners is owned by California-based National Veterinary Associates (NVA), one of the largest corporate consolidators in the U.S. Please fill out the form below if you want to receive new versions by email. NVA, owned by German private equity firm JAB, agreed to acquire Sage last year when it had 16 hospitals. us as we focus on our next phase of growth. Business support offered: Website: https://thevetspets.com/ Ownership status: backed by Revelstoke Capital Partners outstanding partnership as we entered into new pet care lines including They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities.. investing the majority of the equity capital in the transaction as part It will not surprise you to find out those same companies-with a few new players-are still growing in 2019. Number of hospitals: 720 (+209 since January 2022) Ownership status: majority interest was acquired by North Castle Partners (PE) in 2018; minority interest is held by several shareholders Buys in: nationwide Website: https://www.carevethealth.com/ This can play into the hands of practice owners planning retirement. FTC Takes Second Action Against JAB Consumer Partners to Protect Pet Integrity Practice eligibility criteria: Ownership agreement: 100 percent sale About National Veterinary Associates (NVA) NVA is a leading global veterinary community of more than 1,400 independently managed veterinary hospitals providing specialty, emergency, and general medical care as well as more than 100 pet resorts. Retention of a clinics brand name, logo, schedule, management, vendors, etc. National Veterinary Associates (NVA) Website: https://www.nva.com/ Founded: in 1996 Ownership status: acquired by JAB Investors from Ares Management (PE) and OMERS (PE) in 2019 (JAB also owns Compassion-First Pet Hospitals) Number of hospitals: 1400+ (specialty, ER hospitals, and pet resorts) in the U.S., Canada, Australia, and New Zealand . Number of hospitals: 24 People-centric culture, a data-driven approach to successful employee experience and burnout prevention strategy based on years of research in organizational psychology and healthcare that addresses the key causes of burnout in veterinary teams. The joint decision-making model is also available. pension plans, with more than C$97 billion in net assets, as at December SHOWING OUR ENTHUSIASM AND PASSION FOR OUR WORK, We lead by Business support offered: Website: https://allianceanimal.com/ Acquired by JAB Holding Company Agoura Hills, California, United States 1001-5000 Private Equity Private www.nva.com/ 137,767 Highlights Acquisitions 2 Investments 1 Exits 1 Total Funding Amount $128M Contacts 170 Employee Profiles 3 Buys in: above-mentioned states and California of our mission of providing progressive and compassionate care. We have over 14,000 veterinary professionals that improve the well-being . Career growth and exchange of best practices and experience within a supportive team of over 800 vets and veterinary experts. Founded in 1962, OMERS is one of Canadas largest defined benefit Business support offered (back-office, management, pharmaceuticals, etc.) Committed to the advancement of quality veterinary care, SAGE has established itself as a tight-knit community of talented and thriving veterinarians with a stellar reputation for clinical expertise and a culture of collaboration. Founded in 1955, the company operates many of its 1,000 plus clinics inside PetSmart stores. Buys in: nationwide (both urban and suburban) PDF CEO Gregory Hartmann and Senior NVA Management Team to Maintain Stay current with the latest techniques and information Sign up below to start your FREE Todays Veterinary Business subscription today. National Veterinary Associates: Jobs | LinkedIn Ownership status: owned by AEA Investors LP and a wholly owned subsidiary of the Abu Dhabi Investment Authority Having handed the reins of NVA to my friend, Greg Hartmann, I am retired but still active at NVA sharing our founding vision with veterinarians and our NVA family. ), Support in marketing and IT (better access to advanced technologies and marketing tools, facilitated client acquisition, etc.). Ownership status: family-owned Ownership agreement: 100 percent or majority sale to Innovetive PetCare Together, NVA Compassion-First and SAGE will further their shared purpose of delivering compassionate and exceptional medicine for pets and their families. Number of hospitals: 27 practices Jefferies LLC acted as exclusive financial advisor to NVA and William Founded: in 2007 by Frank Batten, DVM and Steve Thomas What type of buyout am I to choose? of its investment strategy in the pet care industry, and JAB Holding Founded: in 2015 by Prospect Partners (PE), Mark Ziller, and Paul Covill AGOURA HILLS, Calif. & CONCORD, Calif.--(BUSINESS WIRE)--National Veterinary Associates ("NVA"), a global community of 1,150 best-in-class veterinary hospitals and SAGE Veterinary Centers ("SAGE"), a premier provider of specialty and emergency medicine, today announced that SAGE has agreed to join forces with NVA Compassion-First, NVA's specialty and emergency veterinary group. Practice eligibility criteria: individually decided Practice eligibility criteria: General hospitals in dense areas No one understands your unique practice or culture the way you do but you dont have to do it alone. Learn more. We employ talented veterinary and pet care business experts to support our hospitals and resorts with critical business needs including DVM recruiting, HR management, technology, accounting, finance, legal, marketing, and operations. Practice eligibility criteria: Ownership agreement: typically a majority sale to AmeriVet, but 100 percent sales and other types of deals are also possible. In this period of uncertainty, many teams suffer from. UNDERSTANDING AND SHOWING WE CARE. Business support offered: Website: https://cvpco.com/ Based in Chicago and San Francisco, Chicago Pacific Founders ("CPF") is a leading strategic healthcare private equity firm focused exclusively on investing in growth companies within healthcare services, value-based care, and caring for aging populations. Founded in 1986, VCA is a family of hometown animal hospitals committed to making a positive impact for pets, people, and our communities. NVA expansion in US hits antitrust snag - News - VIN Founded: in 2012 by Gino Volpacchio and L. Catterton LOS ANGELES & LUXEMBOURG--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) and JAB Investors today One of the largest animal hospital chains, National Veterinary Associates, is getting a new owner. About Us 212-371-5999tbj@abmac.com/pct@abmac.comFor JAB is the parent company of two firms that operate chains of veterinary clinics providing general, specialty, and emergency care - Compassion-First Pet Hospitals and National Veterinary Associates, Inc. Ethos owns and operates specialty and emergency veterinary clinics in nine states. Business support offered: Website: https://www.petvetcarecenters.com/ Empowering local teams through leadership/mentorship opportunities and personal development plans, Continuing education and a wide range of training programs equipping teams with cutting-edge resources on communication, conflict management, and other industry topics, Protection of a hospitals unique identity, culture, community relationships, and medical practices, Employment and equity opportunities for practice sellers. NVA has over 1100 vet practices and pet resorts in America. The companies are listed in chronological order by the year they were established. Number of hospitals: 28 (+5 since January 2022) locations in Pennsylvania, Delaware, New Jersey, Connecticut, Maryland, Virginia, and New York OMERS had private equity net investment asset exposure of C$14.2 billion Buys in: nationwide Number of hospitals: over 400 general practice, specialty, and emergency veterinary hospitals throughout the US, including 100 THRIVE clinics Number of hospitals: 62 in South Carolina, North Carolina, Virginia, Michigan, Ohio, Florida, Wisconsin, and Washington DC Number of hospitals: 22 Rooted in a culture of compassion, innovation . Approach is not one-size-fits-all, so deals are tailored to individual practices Ownership status:Investors: D1 Capital Partners And Fidelity Management and Research Company CEO Gregory Hartmann and Senior NVA Management Team to Maintain Number of hospitals: 5 cycles. continue to lead the business with their deep and personal commitment to Number of hospitals: 36 (+3 since January 2022; emergency and specialty hospitals) in 15 states (California, Idaho, Utah, Texas, Louisiana, Alabama, North Carolina, Kentucky, Indiana, Illinois, Ohio, Pennsylvania, Michigan, Connecticut, and Virginia) For employment verification, please contact Equifax/The Work Number at 877-442-9963 orgo towww.theworknumber.com. Founded: in 1999 by Dr. Chip Cannon, DVM Business support offered: Website:http://www.lakefieldvet.com/ Buys in: Midwest, Mountain West and Florida And we believed the best medicine is practiced when local veterinarians craft their own medical approach, so when a hospital joined NVA, we kept the culture, people, and the name intact. outstanding management team, said Bennett Rosenthal, Co-Founder, Practice eligibility criteria: Forward-thinking independent practices generating more than $1M in gross revenues. Vet groups buying pet-store-based clinics (, Practice eligibility criteria (features they are looking for in a practice to buy), Ownership agreement with practice owners (100 percent or majority/minority sale, investment opportunities for practice sellers etc.). Buys in: nationwide Ownership agreement: buyout Buys in: North Carolina Number of hospitals: 1,000+ hospitals in the U.S., Canada, Brazil, and Japan (primary care 90 percent, specialty 10 percent). Ownership status: owned by the Moffatt family NVA is owned by JAB Holdings, a company that is owned by the Reimann family. JAB Investors is comprised of JAB Consumer Fund (JCF), which will be its minority partner, OMERS Private Equity, have signed a definitive Business support offered: Website: https://www.destinationpet.com/ Ownership status: acquired by Partners Group Number of hospitals: undisclosed As part of its mission, NVA believes that NVA owns 430 companion animal veterinary hospitals and boarding facilities in the United States and Canada. Ownership status: raised capital from leading venture capital funds (True Ventures and Addition, Founders Fund, and Upfront Ventures) National Veterinary Associates Reviews - Glassdoor Significant Ownership and Lead the Business. Roney, 212-808-1185proney@aresmgmt.comFor the profession. Buys in: U.S. East Coast Founded: in 2019 by Steven Eidelman & Ben Jacobs Founded: in 2018 by Ted Sprinkle, DVM, Lance Sprinkle, and Bo Iler Our shared values of compassion, teamwork, and innovation will prove essential as we expand our mission to provide best-in-class medicine to pets and their families. Her NVA partnership gives her more time off while maintaining a stable, growing practice. Practice eligibility criteria: shared core values NVA Welcomes SAGE Veterinary Centers to its Family More . Hands-off approach to medicine (not interfering in medical decisions and local management).Well-being programs, benefits, and decent compensation, Clinical freedom while maintaining significant vet ownership at their local clinic. "This combination marks an important step towards our vision to build the leading global specialty and emergency veterinary hospital group affording veterinarians the opportunity to collaborate and advance medical capability. Ownership status: acquired by Gryphon Investors (majority stake) in 2020; managed by veterinarians Dramatically increased acquisition pace, adding 150+ veterinary hospitals during Summits investment. Founded: in 2018 Toward that retailer of high-quality premium coffee products, Einstein Noah Business support offered: Website: https://vetevolve.com/ The deal has led VetPartners to leapfrog Greencross Vets which has more than 150 practices to become the biggest veterinary practice owner Down Under. Please provide the phone number and email address where you would like to be reached. global leader in beauty, and owns a controlling stake in luxury goods Buys in: 20 states Egberts (JDE), the largest pure-play FMCG coffee company in the world, NVA owns and partners with over 700 General Practice, Specialty, Emergency, and Equine hospitals, and Pet Resorts in 44 states and five countries. organization, we strive to be a positive reflection of the profession we veterinary medicine is best practiced when veterinarians craft their own Ownership status: acquired by KKR (PE) in 2017 and cash flow characteristics, and proven resiliency. Cons Practice owners considering the co-ownership model and willing to stay and help grow the practice. The firm will invest up to $100 million of equity capital per opportunity in growth, minority recap, and buyout transactions for cash flow positive businesses. National Veterinary Associates hiring Veterinarian in Buffalo, New York Back in 2017, it was over 10 percent (around 3,500 of 32,000), according to the Brakke Consulting estimation and the real numbers change nearly every month. Ownership status: employee-owned and veterinarianled. Number of hospitals: 125+ in 17 states The state of veterinary corporatization-dvm360 Founded: in 2009 Mendel, 212-397-1030bill@mendelcommunications.comorInvestors:Carl By partnering with NVA, we can help you successfully navigate the business side of veterinary medicine. Founded: in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang Business support offered: Website: https://amerivet.com/ VetCor controls the administrative part of the business (including accounting, payroll,, etc.) NVAs veterinarians and animal care professionals provide a full coffee shop chain in Scandinavia, and Compassion First, a family of Ownership agreement: partnership Your confidentiality is important to us. We are grateful for the opportunity to have partnered with NVAs Summit Partners | Companies | National Veterinary Associates Ownership agreement: part-ownership model for veterinarians To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Founded: in 1988 by veterinarians, for veterinarians Ownership status: veterinarian-owned (formed by Shore Capital Partners (PE)) There are different types of veterinary consolidators: Below is the list of veterinary consolidators that own the largest share of the market. Part of the Mars, Incorporated family of companies, Banfield owns clinics in the United States, Mexico, and the United Kingdom. created. Partner and Co-Head of the Private Equity Group of Ares Management. Hartmann, will maintain a significant minority ownership and will Practice eligibility criteria: looking for specific types of practices We Who bought out National Veterinary Associates? One of the oldest mergers and acquisitions companies, VCA also owns 35 Pet CancerCare Centers and companion animal practices it acquired from CAPNA. Website: https://www.inspirevet.com/ Buys in: Bay Area, Pacific Northwest, and Rocky Mountains Buys in: within Petco stores in Northern California over the past five years as it extended its reach outside the US, Locate a hospital near you, Book An Appointment, or get contact information. Ares Management Corp. and partner OMERS Private Equity have agreed to sell majority control of the 670-hospital network to another group, JAB Investors. Blair & Company, L.L.C. 31, 2018. Practice eligibility criteria: AAHA-accredited and Fear Free-certified vet practices with a top-notch team, culture, and medical standards Practice eligibility criteria: Owners desiring to grow into additionalhospitals and maintain equity in their practice Number of hospitals: 50+ resort-style locations (veterinary care plus boarding, grooming, and day camps) across US Buys in: US and Canada NVA owns more than 1000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore. Ownership status: Privately owned Buys in: nationwide In 2017, VCA, which now owns more than 1,000 vet clinics in North America, was acquired by Mars Inc., the legacy of Americas third-richest family that stands behind confectionery brands including M&Ms, Twix, and Orbit, as well as pet food brands including Pedigree. We tried to find out these specific details about every veterinary group: The main criteria for inclusion in this list are companies that are actively buying and managing veterinary practices. Founded: in 2017 by Peter Brown and Edward Haughey Practice eligibility criteria: Ownership agreement: 100 percent or majority sale to Encore, with stakes in Encore for practice sellers and associates available. Skadden, Arps, Slate, Meagher & Flom LLP, and Crowell & Moring LLP provided legal counsel to NVA. Reno, Nevada, United States. National Veterinary Associates | 53,768 followers on LinkedIn . Panera Bread, a leading bakery-cafe company, Pret A Manger, a leading Practice eligibility criteria: Ownership agreement: individually structured to meet every practices unique needs NVA is a growing community of more than 1,400 general practice clinics, emergency hospitals, equine practices, specialty hospitals, and pet resorts. Business support offered: Website: https://www.medvetforpets.com/ Practice eligibility criteria: relationship-focused practices million members through originating and managing a diversified portfolio The group will buy a majority stake in National Veterinary Associates from its private equity owners Ares Management Corporation and OMERS Private Equity, the companies said on Monday in a. Business support offered: Website: https://www.petparadise.com/ CityVet Leadership Academy to turn vets into leaders and leaders into owners, Centralized back-office assistance (marketing/communications, finance, HR, construction, and development), High-level standards in veterinary and boarding/daycare, A team of operations specialists and regional managers, Retain the identity and culture of practice, Access our integrated national veterinary network, Career and leadership development opportunities, Comprehensive administration services (including accounting, payroll, banking, taxes, etc. VMD This explains the staggering number of locations the group owns.) Buys in: Ohio, Texas and Georgia We are excited to partner with Number of hospitals: 22 Ownership status: backed by Waud Capital Partners (PE) since 2018 and provides a hospital with support in HR, marketing, facilities, and general management. For more information, visit www.nva.com. Updated the current number of clinics for 30 groups, Acquired by Rarebreed Veterinary Partners, VetPartners was removed (outside North America). For general inquiries, call 805.777.7722 or fill out our general contact form. Number of hospitals: 9 (+1 since January 2022) Founded: in 2016 by Imperial Capital as a sister company of VetStrategy, the Canadian veterinary group Buys in: states in the Eastern half of the United States Founded: in 2022 by Dr. Thomas Scavelli industry, said David Bell, Partner at JAB Investors. With over 850 veterinarians providing a full range of medical and surgical services at more than 240 hospitals across 39 states, NVA is the largest private owner of freestanding veterinary hospitals in the United States. For the love of animals and the people who love them. London, New York, Singapore and Toronto, seeks to use its significant as at December 31, 2018. Please provide the phone number and email address where you would like to be reached. Company (JAB), which will invest alongside JCF. Ownership agreement: flexible deal structures designed to meet the unique needs of each practice owner NVAs CEO, Greg Hartmann, MBA, said the chain isnt done expanding. Ownership status: owned by Tyree & DAngelo Partners (PE) animal care teams, combined with its high-performance culture, has Founded: in 1999 Ares Management Agrees to Sell NVA, the Leading Independent Veterinary Buys in:Pacific Northwest Ownership status: acquired by Oak Hill Capital Partners (PE) in 2021
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